This is a narration of our weekly Rent and Operating Trends Report.
The U.S. economy continues its trend of stabilization as we move into May, with job growth remaining the strongest aspect of our nation’s economy. 253,000 new jobs were added across the country last month, and the unemployment rate dropped to a 6 decade low of 3.4%.
Wage inflation has endured, but annual wage gains are now averaging 4.4%, a slower pace than seen over the past few years, and a much more sustainable rate as we go forward.
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